Page 18 - Budget 2021

Budget reflects govt's efforts to sideline non-BJP ruled states: Punjab CM

Punjab Chief Minister Amarinder Singh on Monday flayed the Union Budget

India sets aside Rs 7,100 cr as development assistance to other countries

Bhutan got the maximum allocation of Rs 3,004 crore

Budget: Edible oil industry welcomes agriculture development cess

The edible oil industry on Monday welcomed the announcement of agricultural development cess and the increase in import duty of crude palm oil in the Union Budget 2021-22

Telecom sector concerns remain unaddressed: Industry body on Budget

Telecom industry body COAI on Monday expressed disappointment over budget proposals

Experts 'disappointed' over reduction in allocation to environment ministry

The Rs 230-crore reduction in the budgetary allocation to the environment ministry has drawn flak from environmentalists who say it may slow down or completely halt green initiatives

Higher allocation for RIDF to speed up ongoing projects: Nabard Chairman

Allocation to the Rural Infrastructure Development Fund (RIDF) was increased to Rs 40,000 crore

Budget will help increase rural consumption: FMCG industry

The FMCG industry on Monday said a special focus on the agriculture sector in the Union Budget will help increase rural consumption and sustain growth momentum. FMCG manufacturers -- like ITC, Emami, Marico and Jyothy Labs -- said it is encouraging capital infusion in infrastructure, divestment and restructuring of allocations without impacting consumers negatively. The industry also said the Budget will drive consumption and growth momentum needed to revive the economy. According to ITC Chairman & Managing Director Sanjiv Puri, it is a "visionary and growth-oriented budget", which provides further impetus to build India's competitiveness as also foster inclusive growth. The enhanced capital expenditure, particularly on infrastructure, will create livelihoods and provide an accelerated thrust to the V-shaped recovery trajectory. "The heightened spends on agriculture and rural infrastructure development are aligned to the comprehensive policy interventions aimed at creating ...

Govt to set up Rs 20,000 cr DFI to promote infra financing: FM Sitharaman

FM said the govt will set up a Rs 20,000 crore Development Finance Institution with a view to mobilise Rs 111 trillion required for funding of the ambitious national infrastructure pipeline.

Budget 2021: Delhi govt accuses Centre of favouring big companies

The Delhi government accused the Centre of giving step motherly treatment to the national capital in the Union budget 2021-22, and claimed the budget is aimed at benefitting few big companies.

Money pumped into infra, health, agriculture; Bengal Inc hails Budget 2021

Bengal Inc on Monday hailed the Union budget saying that it has prioritised spending on growth and instilled faith that dawn is going to emerge on the Indian economy which is still in the darkness caused by the COVID-19 pandemic. It is a "sensitive budget" which has proposed to put money into healthcare, sanitation, infrastructure and agriculture, city-based industrialists said. "In terms of the proposed investments in the social sector and infrastructure sector, the budget has, indeed, instilled faith that dawn is going to emerge on the Indian economy, while we are still in darkness that was caused by the pandemic," Bharat Chamber of Commerce president Ramesh Kumar Saraogi said. The government has prioritised spending on growth at this stage in the hope that such growth would help manage the fiscal deficit subsequently, Bandhan Bank MD & CEO Chandra Sekhar Ghosh said. "Overall, it was a growth-centric Budget aimed at securing India's long-term economic interest," ..

Leather products to get costlier after 10% customs duty, say manufacturers

'Customs duty hike to make leather expensive', said Alberto Torresi director

My budget will be about 'Swayampoorna Goa', says CM Pramod Sawant

Goa Chief Minister Pramod Sawant on Monday said he would be presenting the state's budget in the end of March and it would focus on making the state self- reliant.

CEOs of top tech firms hail tax norms for digital economy in Budget 2021

They say coming in the wake of Covid-19 pandemic, the Budget looks to strengthen many important pillars for economic recovery and future growth

Subsidy bill to fall 43% to Rs 3.36 trillion in FY22: Budget 2021

The government on Monday projected the subsidy bill on food, fertilisers, LPG and kerosene oil to fall by 43 per cent in the next fiscal to Rs 3.36 lakh crore from Rs 5.96 lakh crore in 2020-21

Hiking FDI cap in insurance to open up large source of fresh funding: Goyal

Goyal on Monday said that hiking foreign direct investment (FDI) limit to 74 per cent in the insurance sector will open up a large source of fresh funding for the sector

Delhi Police gets Rs 8,644.12 cr in Budget; Rs 10 cr for Nirbhaya Fund

The Delhi Police has been allocated Rs 8,644.12 crore in the Union Budget for financial year 2021-22, even as around Rs 10 crore has been set aside for Nirbhaya Fund. According to a police statement, out of the total budget, Rs 8,100.20 crore has been embarked for establishment-related expenditure. A sum of Rs 237.92 crore shall be incurred for upgradation and expansion of communication infrastructure, modernisation of equipment, installation of traffic signals, upgradation of training and procurement of vehicles for policing. It also stated that Rs 306 crore shall be spent exclusively for police infrastructure for construction of office buildings, residential buildings and development of new police headquarters building. A total of Rs 10.14 crore has been allocated separately under the scheme for safety of women (financed from Nirbhaya Fund) in addition to the allocation for construction of building for SPUWAC (Special Police Unit for Women and Children) or SPUNER (Special Police .

Budget: Agriculture companies cheer higher allocation to farm sector

The firms said this will help in boosting farmers' income and overall growth of the sector

Top headlines: India's budget hikes spending; Myanmar military takes power

Business Standard brings you top news of the evening

Only concerned about having farm laws repealed, not budget: Farmers

Farmers protesting at various sites on the borders of Delhi on Monday unequivocally said they are only concerned about their common goal of having the three farm laws repealed

Investor wealth rises by over Rs 6.34 trn as markets cheer Budget 2021

This was the best Budget-day gain for the markets since 1997, analysts said